Non-ETFs pull out $1 bn from India in September; GEM funds falls to 9.7%



FPIs have been pulling out money from EMs in the past few months. In September, India saw $931 mn of outflows, driven by non-ETF outflows of $1 bn. Other regions seeing sizeable outflows were ($832 mn) and ($566 mn). was an outlier with inflows of $2.1 bn. Shares of consumer discretionary and witnessed the most selling in 2018, to the tune of $2.1 bn and $1.3 bn, respectively.


IT and healthcare sectors saw the most buying interest with inflows of $774 mn and $194 mn, respectively. Allocation to India by Asia ex-Japan funds declined to 12% in September from 13.2% in August, while that by (GEM) funds declined to 9.7% from 10.6%.



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Allocation by Asia ex-Japan non-ETF funds declined to 12.5% from 13.4%, while that by GEM non-ETF funds declined to 10% from 11%.

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